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Harmonic Patterns

Sideways trend !!!Sideways Trend - Definition A sideways trend comprises a series of price swings existing within the range of a significant upper resistance area and a significant lower support area . The range support and resistance boundaries (range lower and upper boundaries) may be formed from either higher timeframe S/R and/or significant trading timeframe swing highs or lows Ex: A sideways trend starts when four trend turning points (Swing High and Swing Low) develop within the range of a previous price swing. The sideways trend ends when as price breaks the high or low defining the sideways trend.
Education
by DatTong
Sideways trend !!!Sideways Trend - Definition A sideways trend comprises a series of price swings existing within the range of a significant upper resistance area and a significant lower support area . The range support and resistance boundaries (range lower and upper boundaries) may be formed from either higher timeframe S/R and/or significant trading timeframe swing highs or lows Ex: A sideways trend starts when four trend turning points (Swing High and Swing Low) develop within the range of a previous price swing. The sideways trend ends when as price breaks the high or low defining the sideways trend.
Education
by DatTong
5
Candlesticks Reversal patterns (most important one )Hi and welcome to this educational post: Here is some of the important Reversal Candlestick patterns : 1.Hammer : we can say lower Shadow is at least twice size of body and body close and open points are near each other (small body) and the candle formed like a hammer and beacuse of this we call that ... and hammer has high reversal potential to upside example on XAUUSD: 2.Bullish Engulfing : here we have two candle reversal patterns that second candle completely cover or engulfs first candle body (shadows of first candle is not important here that engulfed or not ) example on XAUUSD: 3.Morning Star : three candlestick pattern that change downtrend and is a start of climbing chart to the moon 😁🌜 the second candle is an important time which bear change place with bull market and two other candles are some how with long body Example on EURUSD: 4.Three White Soldier : shouldn't have large shadows and consists of three consecutive long candle and has high potential as a reversal pattern Example on BTCUSD : 5.Inverted Hammer : shown at the bottom of falling and has high potential and showing us start of Bullish market again like hammer small body and long shadow this time the upside shadow 6--7--8--9--10 is exactly reverse of this candles and patterns if you saw these candlestick patterns on any currency cryptos or stocks share with us and let us know and enjoy << Comment below and let me know your opinion about this tutorial >> <>
BITSTAMP:BTCUSDEducation
by MMBTtrader
69
The One Chart Pattern That You Must Trade!!!The One Chart Pattern That You Must Trade What's a "first pullback"? This is just the first pullback after a significant price event. For example: - The first pullback after a trend line break. - The first pullback after a breakout. - The first pullback after break down (short). - The first pullback after any wide range candle. - The first pullback after a break to new highs EX: The first pullback after a trend line break. The first pullback after a breakout. The first pullback after a breakout EMA The first pullback after a break to new highs. The first pullback after a breakout from the range
OANDA:XAUUSDEducation
by DatTong
28
The One Chart Pattern That You Must Trade!!!The One Chart Pattern That You Must Trade What's a "first pullback"? This is just the first pullback after a significant price event. For example: - The first pullback after a trend line break. - The first pullback after a breakout. - The first pullback after break down (short). - The first pullback after any wide range candle. - The first pullback after a break to new highs EX: The first pullback after a trend line break. The first pullback after a breakout. The first pullback after a breakout EMA The first pullback after a break to new highs. The first pullback after a breakout from the range
OANDA:XAUUSDEducation
by DatTong
12
CANDLESTICK PATTERN: THREE BLACK CROWSCANDLESTICK PATTERN: THREE BLACK CROWS The three black crows candlestick pattern comprises of three consecutive long red candles with short or non-existent wicks. Each session opens at a similar price to the previous day, but selling pressures push the price lower and lower with each close. Traders interpret this pattern as the start of a bearish downtrend, as the sellers have overtaken the buyers during three successive trading days.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn13086959
1
The 3-Step Method That Predicts a Change in TrendThe 3-Step Method That Predicts a Change in Trend The three steps are: 1. A trendline is broken. 2. There is a retest and failure. 3. Price falls below the prior low These three steps define a stock that has moved from an dowtrend to a uptrend. Learn these three steps and you will never trade on the wrong side of the trend again. Step 1. A trendline is broken Step 2. There is a retest and failure We know that a stock in an downtrend makes lower highs and lower lows. When a stock fails to do this, we should be begin to question the trend. This stock has now tested that prior low - and failed. So, this stock is no longer making lower lows. But, it is not making higher highs either! So far, there is no confirmation that the trend has changed. Step 3. Price rises above the prior high
BITFINEX:BTCUSDEducation
by DatTong
3
The 3-Step Method That Predicts a Change in TrendThe 3-Step Method That Predicts a Change in Trend The three steps are: 1. A trendline is broken. 2. There is a retest and failure. 3. Price falls below the prior low These three steps define a stock that has moved from an dowtrend to a uptrend. Learn these three steps and you will never trade on the wrong side of the trend again. Step 1. A trendline is broken Step 2. There is a retest and failure We know that a stock in an downtrend makes lower highs and lower lows. When a stock fails to do this, we should be begin to question the trend. This stock has now tested that prior low - and failed. So, this stock is no longer making lower lows. But, it is not making higher highs either! So far, there is no confirmation that the trend has changed. Step 3. Price rises above the prior high
BITFINEX:BTCUSDEducation
by DatTong
15
Reversal pattern : patterns that change the previous trend Hi and welcome to this educational post: Here is some of the important Reversal patterns : 1.Double Top: price two unsuccessful times try to break resistance and continue the trend but second time that failed if the price fall more than previous support that formed (fall under neck line) then pattern completed and falling would start . 2.Head & Shoulder : has three peaks that the left and right one are often with same height but the middle peak is highest one. and this reversal pattern turn bullish market to bearish 3. Rising Wedge : higher highs and higher lows, but low's trendline is sharper and once price fall more than previous low support the pattern get completed and huge fall is expected 4. Double Bottom : price two unsuccessful times try to break support and continue the trend but second time that failed if the price rise more than previous resistance that formed (rise above the neck line) then pattern completed and rising would start . 5.Inverse Head & Shoulder : has three peaks that the left and right one are often with same height but the middle peak is highest one. and this reversal pattern turn bearish market to bullish 6. Falling Wedge : lower highs and lower lows, but high's trendline has sharper fall and once price rise more than previous high resistance the pattern get completed and huge gain is expected <> << Comment below and let me know your opinion about this tutorial >> <>
Education
by MMBTtrader
71
WHY 85% OF TRADERS LOSE MONEY?"It is common for investors to enter the financial markets with a desire to earn money, but forgetting that they can also lose." You have to bear in mind that it is equities, so there is always a risk, and you have to know how to quantify it to avoid great scares. According to recent statistics, about 85% of investors lose money in the stock market. Although it is true, it would be necessary to analyze this figure, how many investors of that 85% have enough knowledge to face the market? How many do it simply to seek luck or hit the ball? They are too broad statistics, even so, they serve to make a good reflection. Probably the main factor that makes the difference in these statistics is the approach that is given to the investment: -Most of that 85% loser will face the market the same way they fill out a lottery ticket or place a bet on a sporting event. The famous ball culture so established in this country. Trying your luck is your investment strategy, without making any type of value selection, or adjusting the risk per operation, much less total risk per portfolio. -Regarding the winning 15% we can say that they are traders who have prior stock market training, have enough experience, have developed the necessary patience and above all have respect for the market. That means respect for the rest of the players, for the volatility, and even for the irrationality that sometimes floods the market. They know how to manage their risk, their emotions and especially their capital, at different times in the market. To avoid these overwhelming statistics, a novice trader should first be aware of his shortcomings, and want to fix them. For this he should follow a series of phases that will lead him to a better preparation: -Training should be the first step. A first step that must be taken to the end, without skipping part of the operational process in order to start making the most of what has been learned. -Once the previous step is understood and completed, it is necessary to put the system into practice. The best way to do this is through a demo account. The novice can finish polishing his strategy and testing its reliability before going live, for real money. -Once the system is tested, he will implement emotional management, which can only be tested on a real account. There he will learn to respect the market, and especially his money. 11 reasons why trading often fails 1) Thinking it's easy. For whatever reason, it is thought to be easy. Not if it's the movies or false myths, but there is such a mentality. And the sooner they are abandoned, the better. 2) Think about getting rich, instead of learning. The first thing people think about is making money and in the fastest way possible. It makes sense but, like everything in life, it has to be learned. One of the first questions that novice people usually ask is how much to pay to the Treasury. To pay, you must first win. Paying is the least of the problems. 3) Operate with other people's ideas, instead of testing your own systems. Each person has to make their own system, systems come out of various inputs in different ways and styles of operating. You have to find one that suits our way of being and make it our own. 4) Lack of passion, you have to really like it so as not to give up with difficulties. Trading is very hard, very hard. Failure to trade is common and many people quit when they see the real difficulty. If there is no true passion, abandonment is usually the most common. 5) Lack of a trading plan. You have to have a defined operation and know exactly what to do at all times. The plan has to collect operations, monetary management and, above all, how to react to possible situations that may arise. 6) Trade looking for good operations, instead of having a methodology. It does not make sense to do the operation of the month in an hour and then lose everything you have earned during the week. You have to operate following a method. 7) Follow and imitate famous gurus, instead of learning. There are no gurus. The gurus will have their systems but they do not have to work for us, we have to adapt them to our way of being. 8) Very large learning curve. Learning very very slow, it takes time and causes the degree of abandonment to be very high. 9) Trade very hard, rather than with very small amounts. Trading very strong, with many lots or contracts due to greed, for wanting to win large amounts of money. 10) Unsecured income. If one thing is not guaranteed in trading it is income. It costs a lot to take care of that, it is like creating a company with all the risks involved, but with less investment. If you are used to a steady and stable salary, it can be difficult to get used to it. For me, personally, it cost me a lot. 11) Much more complicated than having a job. Trading is surrounded by a lot of mystique that, in the end, turns out to be a false glamor. Getting it is extremely difficult, much more than having a job.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn13086959
9
(Review) Definition trend and change of trend ( Trend reversal)(Review) Definition trend and change of trend ( Trend reversal) EX: Discussion: Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend comprises a repeating sequence of: 1) An upward extension 2) A swing high 3) A downward pullback 4) A swing low An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend EX: Prior analysis ( Downtrend) - Countertrend - Reversal trend: - Downtrend forming=> Sell - Continuous downtrend Please support the setup with your likes, comments and by following on TradingView. Thanks
Education
by DatTong
11
(Review) Definition trend and change of trend ( Trend reversal) (Review) Definition trend and change of trend ( Trend reversal) EX: Discussion: Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend comprises a repeating sequence of: 1) An upward extension 2) A swing high 3) A downward pullback 4) A swing low An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend EX: Prior analysis ( Downtrend) - Countertrend - Reversal trend: - Downtrend forming=> Sell - Continuous downtrend Please support the setup with your likes, comments and by following on TradingView. Thanks
Education
by DatTong
25
REVERSAL CHART PATTERNS: DOUBLE TOPREVERSAL CHART PATTERNS DOUBLE TOP It is a reversal pattern in an Uptrend, where market creates exactly two tops on the same price level. There are 2 types of Double top 1) Traditional Double Top If each top gap is within 9 months, then it is called “Traditional Double Top”. 2) Cyclic Double Top If each top gap is more than 9 months (or) If the time taken to form each top is more than 9 months, then it is called as “Cyclic Double Top”. How to Trade Double Top? If you saw a double top in the chart, wait for the confirmation of breakout at the recent low level. After breakout confirms at the recent low level, You can enter into the trade. The Minimum Double Top Target should be the same as the distance of the previous high to low as shown in the image
BITSTAMP:BTCUSDEducation
by UnknownUnicorn13086959
6
CONTINUATION CHART PATTERNS: RECTANGLE CHART PATTERNCONTINUATION CHART PATTERNS RECTANGLE CHART PATTERN Rectangle shape formed in the chart when the market is moving up and down between horizontal support and resistance levels. The market takes a long break from the trend move and it keeps moving up and down between the certain price level. During a trend, when the price starts moving sideways forming a rectangle, another trending move is likely to occur once price eventually breaks out of the rectangle formation. This move is likely to be at least as big as the size of the rectangle. Rectangles could be bearish or bullish depending on the trend direction. How to trade Rectangle? You can take short term trades in the Rectangle pattern. If the market reaches the bottom support of the rectangle, you can place buy trade. If the market reaches the Top of the resistance, you can place a sell trade. Wait for a breakout of the Rectangle pattern to enter into the trade. Note: Always keep placing the trade depend on the trend. Example: If the market moving in an Uptrend, place only sell trade after breakout confirmed at the Bottom Support of the Rectangle. How to confirm the breakout in trading? check here. After a breakout, the distance of the first wave inside the rectangle should be your minimum take profit target.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn13086959
WHAT ARE THE MAIN EMOTIONS WE FACE WHEN TRADING?WHAT ARE THE MAIN EMOTIONS WE FACE WHEN TRADING? 1- FEAR: “The mortal enemies of the speculator are: ignorance, greed, fear and hope. (Jesse Lauriston Livermore) " -Do not open a position out of fear: it is a common mistake in trading, and it is something that we have to learn to eliminate from our operations. When we sit in front of the screen to carry out our operations we have to put aside all our emotions and focus on what is really important. Therefore we have to learn to overcome that fear that hurts us daily in our operations. Fear is something that is not lost, it is an emotion that accompanies us all our lives, but what we can achieve is to replace that feeling with another, such as security. How can we overcome fear? In order to overcome fear, apart from working on it every day, we have to have very clear rules of our operations (when to buy, when to sell, what securities to buy, where to invest, etc.) It is important to be properly trained, to be able to understand everything that happens in the market, to be able to understand why market movements happen, it will make us gain a lot of confidence in ourselves and will reduce our fear of not understanding why this action / index / pair of currency has moved like this. It is very important to have a trading plan, and to follow it without breaking any rules. Trust yourself: The fear of losing can be counterproductive, causing more losses; And it comes from a lack of confidence in your own abilities. If you constantly prepare, have a well-defined strategy and master market sentiment: it is time to trust yourself more. Practice a lot: Practice makes perfect, and the more you practice, your fear will gradually disappear. The more operations you have in your career as a trader, the more you will learn to accept that it is inevitable to lose money in this career. The market is a fluctuating environment, any operation can go wrong, due to factors beyond your control. Don't let this discourage you, proper risk management and practice will help you overcome this fear and cope with it. When you no longer sweat or your emotions make the decisions for you when you are in front of the monitor, you will know that you are on the right path 2- GREED: "Greed is of such an evil and perverse nature that it never satisfies its voracious appetite, and after eating it is hungrier than before (Dante Alighieri" * Greed is a very important emotion in trading, but it is a very dangerous emotion. Most of the people when starting in this sector want to earn more and more money, with minimal effort and as soon as possible. It is very important before operating in real, to control our greed, since otherwise it will make us trade excessively and take high risks, which instead of helping us, will burn our trading accounts. Greed will make you enter the market to open positions without control, and without having the patience to wait for the best opportunities. Greed will only make us have more positions than we can open, that we try to double and triple our accounts in a short time, that we are always changing our strategy, because the one we currently have does not give us enough operations to win in a short time, etc. .. If you feel identified with any of the cases that I have commented above, it means that you are not controlling your greed. How can we control greed? The most advisable thing is to identify the feeling of greed, making the decision that you do not have to earn a little more. We must continue with a rational trading plan, since greed can lead to excesses in trading, something similar to the famous addiction to gambling that we must avoid -Realistic targets -Control leverage -Resist the temptation -Probabilities in your favor -Forget about easy money Thank you, I hope it helps you to understand many of the emotions that you feel daily in your operation, remember that nobody gets rich overnight, it is a long road based on perseverance and perseverance.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn13086959
WHAT ARE THE MAIN EMOTIONS WE FACE WHEN TRADING?WHAT ARE THE MAIN EMOTIONS WE FACE WHEN TRADING? 1- FEAR: “The mortal enemies of the speculator are: ignorance, greed, fear and hope. (Jesse Lauriston Livermore) " -Do not open a position out of fear: it is a common mistake in trading, and it is something that we have to learn to eliminate from our operations. When we sit in front of the screen to carry out our operations we have to put aside all our emotions and focus on what is really important. Therefore we have to learn to overcome that fear that hurts us daily in our operations. Fear is something that is not lost, it is an emotion that accompanies us all our lives, but what we can achieve is to replace that feeling with another, such as security. How can we overcome fear? In order to overcome fear, apart from working on it every day, we have to have very clear rules of our operations (when to buy, when to sell, what securities to buy, where to invest, etc.) It is important to be properly trained, to be able to understand everything that happens in the market, to be able to understand why market movements happen, it will make us gain a lot of confidence in ourselves and will reduce our fear of not understanding why this action / index / pair of currency has moved like this. It is very important to have a trading plan, and to follow it without breaking any rules. Trust yourself: The fear of losing can be counterproductive, causing more losses; And it comes from a lack of confidence in your own abilities. If you constantly prepare, have a well-defined strategy and master market sentiment: it is time to trust yourself more. Practice a lot: Practice makes perfect, and the more you practice, your fear will gradually disappear. The more operations you have in your career as a trader, the more you will learn to accept that it is inevitable to lose money in this career. The market is a fluctuating environment, any operation can go wrong, due to factors beyond your control. Don't let this discourage you, proper risk management and practice will help you overcome this fear and cope with it. When you no longer sweat or your emotions make the decisions for you when you are in front of the monitor, you will know that you are on the right path 2- GREED: "Greed is of such an evil and perverse nature that it never satisfies its voracious appetite, and after eating it is hungrier than before (Dante Alighieri" * Greed is a very important emotion in trading, but it is a very dangerous emotion. Most of the people when starting in this sector want to earn more and more money, with minimal effort and as soon as possible. It is very important before operating in real, to control our greed, since otherwise it will make us trade excessively and take high risks, which instead of helping us, will burn our trading accounts. Greed will make you enter the market to open positions without control, and without having the patience to wait for the best opportunities. Greed will only make us have more positions than we can open, that we try to double and triple our accounts in a short time, that we are always changing our strategy, because the one we currently have does not give us enough operations to win in a short time, etc. .. If you feel identified with any of the cases that I have commented above, it means that you are not controlling your greed. How can we control greed? The most advisable thing is to identify the feeling of greed, making the decision that you do not have to earn a little more. We must continue with a rational trading plan, since greed can lead to excesses in trading, something similar to the famous addiction to gambling that we must avoid -Realistic targets -Control leverage -Resist the temptation -Probabilities in your favor -Forget about easy money Thank you, I hope it helps you to understand many of the emotions that you feel daily in your operation, remember that nobody gets rich overnight, it is a long road based on perseverance and perseverance.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn13086959
2
CONTINUATION CHART PATTERNS: BULLISH PENNANTSCONTINUATION CHART PATTERNS: BULLISH PENNANTS A bullish pennant is the exact opposite of a bearish pennant. It is a continuation pattern that marks a pause in the movement of a price halfway through a strong uptrend, giving you an opportunity to go long and profit from the rest of the price rise. Bullish pennants occur just after a sharp rise in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows. The uptrend then continues with another similar-sized rise in price. This lesson will show you how to identify the bullish pennant and look at ways you can use it to profit from the second half of a strong uptrend. A bullish pennant marks a pause in a price's movement, halfway down a strong uptrend. It gives you the chance to make a long trade, hopefully profiting from a second big price rise.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn13086959